Haverford Trust Co. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,030 shares of the Internet television network’s stock after purchasing an additional 500 shares during the period. Haverford Trust Co.’s holdings in Netflix were worth $543,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Nelson Roberts Investment Advisors LLC increased its stake in Netflix by 600.0% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 72 shares during the period. Winthrop Partners WNY LLC increased its stake in Netflix by 64.9% during the third quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 37 shares during the period. 1 North Wealth Services LLC bought a new position in Netflix during the third quarter valued at about $25,000. Intercontinental Wealth Advisors LLC increased its stake in Netflix by 100.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock valued at $26,000 after acquiring an additional 48 shares during the period. Finally, SRS Capital Advisors Inc. bought a new position in Netflix during the second quarter valued at about $39,000. 79.29% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on NFLX shares. Needham & Company LLC restated a “hold” rating on shares of Netflix in a research note on Thursday, October 3rd. Zacks Investment Research lowered Netflix from a “hold” rating to a “sell” rating and set a $295.00 price target on the stock. in a research note on Friday, October 11th. Macquarie lowered Netflix from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $375.00 to $325.00 in a research note on Thursday, October 17th. Huber Research lowered Netflix from an “overweight” rating to an “underweight” rating in a research note on Thursday, October 17th. Finally, Bank of America lowered their price target on Netflix from $450.00 to $426.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of “Hold” and a consensus target price of $369.54.
NASDAQ NFLX traded up $2.00 during trading hours on Friday, reaching $291.57. 4,509,000 shares of the company’s stock were exchanged, compared to its average volume of 8,183,516. The stock has a market cap of $126.11 billion, a PE ratio of 108.79, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25. The firm has a fifty day moving average of $276.43 and a 200-day moving average of $323.02. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a one year low of $231.23 and a one year high of $385.99.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.42. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.25 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. Netflix’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 3.33 EPS for the current year.
In other news, CEO Reed Hastings sold 52,269 shares of Netflix stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $300.10, for a total transaction of $15,685,926.90. Following the transaction, the chief executive officer now owns 52,269 shares in the company, valued at $15,685,926.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 135,702 shares of company stock worth $38,290,015. 4.29% of the stock is owned by company insiders.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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